Free Trading + Demat Account

IDBI Capital Open Account | Account Opening Process Review


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Incorporated in December 1993, Mumbai based IDBI Capital is a full-service stockbroker and financial services company.  It is a wholly owned subsidiary of IDBI Bank Ltd. The company is a member of BSE, NSE, and MCX. IDBI Capital offers its services online as well as through its 19 branch offices spread across 14 cities in the country.

Being a full-service broker, IDBI Capital also offers research services to its customers. The company has a dedicated research team known for its solid technical and fundamental research. The team publishes a range of reports on Equities, Equity SIP, Derivatives and Investment Guide etc. It also recommends technical and fundamental stock picks regularly to its customers.

Key Facts about IDBI Capital

  • 25+ years of stockbroking and financial services experience, since 1993
  • Member of SEBI, BSE, NSE, NSDL, and CDSL
  • Good physical presence across India with branches, and business partners
  • Offers access to a range of advanced trading software
  • Strong research team offers reports and insights
  • Offers margin exposure facility
  • Offers Equity SIP wherein a fixed amount can be invested in selected stocks every month
  • Offers 'Encash' wherein sales proceeds gets credited to a client's linked bank account on the trading day instead of normal sell trade T+2 settlement

Products Offered by IDBI Capital Financial Services

  • Online Trading
    • Equity Trading at BSE, NSE
    • F&O Trading at BSE, NSE
  • Depository Services (Demat Account)
  • Mutual Funds
  • Fixed Income Products

IDBI Capital Account Opening

Opening an account with IDBI Capital is easy and quick.  You could open an account with IDBI Capital in 3 simple ways:

  1. Online Instant Paperless Account Opening

IDBI has an instant paperless account opening process. To open an instant IDBI Capital trading & demat account, you need-

  • PAN Card
  • Aadhar Card
  • Mobile number linked with Aadhar
  • Webcam for personal identification
  • Cancelled personalized cheque

Steps to open instant account are-

  1. Visit IDBI Capital's company website. There is an 'Open an Account' tab on the top right side on the home page. Click on the link.
  2. On the next page, enter your name, email, mobile number, and city. An OTP will be sent to your number. Enter the OTP and verify.
  3. Click on 'Apply Online'
  1. Visit IDBI Capital Branch Offices

IDBI Capital has 19 branches located across 14 major cities. You could visit any of these branch offices and complete the account opening process.

  1. Download the form and submit

To download the trading and demat account opening form from the company's website, you need to take the following steps-

  1. Visit the company's website
  2. Click on 'Customer Services' on the top right side menu
  3. On the page, click on 'Forms' on the right side menu
  4. Download and print the form, fill in all the required details and attach supporting documents.
  5. Send the completed form to the company's registered address or submit it at the nearest branch.

Check Account Opening Status

The instant paperless account will be opened in 15 minutes. In case, you have applied offline through a physical form and you have not received any communication from the company after 15 days of submitting the application, please call customer services or visit your nearby branch to check the account opening status.

Account Opening PDF Forms

IDBI Capital offers instant account opening service. If for some reason you are unable to open an account online then you can download the PDF account opening form from the company's website and send it to the company's registered address or submit it at the branch office.

IDBI Capital Account Opening PDF Forms can be downloaded by taking the following steps-

  • Visit the company's website
  • Click on 'Customer Services' on the top right side menu
  • On the page, click on 'Forms' on the right side menu and download

IDBI Capital Account Closure Form

IDBI Capital offers a 3-in-1 account wherein trading, demat, and bank accounts are linked together. If for some reason, you wish to close these accounts, then you can do it anytime.

Before you initiate the account closure process, please make sure to:

  1. Close all F&O positions
  2. Transfer existing securities to another Demat account
  3. Clear all dues with the company

The account closure process needs to be done offline. You cannot close the account online or through email and calls.

Steps to close IDBI Capital Demat account

  • Visit the company's website and click on "Service Requests" link under the Customer Services section
  • Download the 'Trading and Demat closure form' form from the list of forms available
  • Take a print out, fill in the details and attach required documents and submit the form at the nearest IDBIDirect branch or courier it to company's registered address

Once you have submitted the account closure form, please follow-up with the customer support, in case you do not get confirmation in 15 days.

IDBI Capital Account Opening Charges

Customer pays account opening fee for trading account opening with IDBI Capital. The account opening fees are as below:

  • IDBI Capital Account Opening Charges (Trading Acct): Rs 500
  • IDBI Capital AMC Charges (Trading Acct): NIL
  • IDBI Capital Account Opening Charges (Demat Acct): NIL
  • IDBI Capital AMC Charges (Demat Acct): Rs 450

Frequently Asked Questions

  1. How long does it take to open an account with IDBI Capital Securities?

    The online paperless account can be opened instantly in 15 minutes. For an offline paper-based application, it takes 7 working days from the date of receipt of the form to activate the account.

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  2. What are the requirements for IDBI Capital account opening?

    IDBI offers a 3-in-1 account, where a Trading account, Demat account, and Savings account are linked together. You would need the following things to open an account:

      • Savings account with IDBI/HDFC/Axis/ICICI with NET BANKING facility. A cheque leaf of the account will be required.
      • 2 photographs signed across
      • PAN Card
      • Proof of Identity
      • Proof of Address
      • Tariff sheet duly signed by the 1st holder (primary holder).

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  3. How do I know if my trading account is opened with IDBI Capital?

    Once the account is opened, you will receive a "Welcome Kit" which would include your DEMAT and Trading Account number.

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  4. Do I need to maintain a minimum balance in my IDBI trading account?

    No, you don't need to maintain a minimum balance in your trading account. You can manage funds in your trading account as per your needs.

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  5. How to make changes to my IDBI Capital trading account?

    To make the necessary changes, visit your nearest IDBI Capital branch and get the details updated. You can also email customer support to get details like address, phone number etc., updated. You may be asked to submit documents for some changes like address, bank account etc.

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  6. How to appoint a nominee to my IDBI Capital account?

    To appoint a nominee, you need to take the following steps-

    1. Visit the company's website and click on "Service Requests" link under Customer Services section.
    2. Click 'Nomination Request' Form link and download the PDF form.
    3. Take a print out & fill in the details. Submit the form at the nearest IDBI Capital branch or send it directly to the company's registered office.

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  7. How to close IDBI Capital Demat account?

    IDBI Capital offers a 3-in-1 account wherein trading, demat, and bank accounts are linked together. If for some reason, you wish to close these accounts, then you can do it anytime. The account closing is a little tedious process in compare to account opening. The main difference between both the processes is when someone tries to open an account then broker continuously follows with them but during the account closure process, a person needs to follow with the broker to get their work done. But keeping unused account also doesn't make any sense as demat account attracts annual maintenance fees. So it's advisable to close all your unused or zero balance account.

    Steps to follow:

    1. Get the form from their website (Customer Services-- Service Requests- Trading and Demat closure form) or click here to download it and print it
    2. All the necessary detail should be filled with signature
    3. Submit the form to the nearest branch or courier it to the mentioned address in the form
    4. All the account holders have to sign the form in case of the joint account

    In case if you do not get any confirmation in 2 weeks, follow up with the customer support

    Things to remember:

    1. Transfer shares in other demat accounts
    2. Clear all the debit and credit balance with the company
    3. Clear all F&O positions

    The account closure process needs to be done offline. It cannot be done via email or phone.

    Discuss this question

Information about IDBI Capital account opening, IDBI Capital open account, IDBI Capital opening charges, IDBI Capital account opening charges, IDBI Capital account opening status, IDBI Capital amc charges, IDBI Capital account charges and IDBI Capital account closure.

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Information on this page was last updated on Tuesday, March 12, 2019


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